Lazy Man and Money starts the week with Kapitall: Facebook worth 36 Trillion Dollars? It seems the company Kapitall is comparing the return of Microsoft or Walmart over the years, suggesting that $50 invested at IPO would now be worth $18,000 in the case of Microsoft. But – Microsoft’s current Market Cap is about $270B. At IPO time, it was worth less than $1B. The Lazy Man simply did some math, and for Facebook to grow just at Microsoft did, it would have a value of $36 Trillion. Let me add, the total wealth in the world is about $200 Trillion. Can one company grow to nearly 20% of the entire world’s wealth? I highly doubt it. I think Apple is pushing its luck at over $1/2 Trillion.
From the very frugal Debt Sucks Cheap Scooter Repair With Plasti Dip. I’ve seen that stuff, but never bought a can. It may be time for me to give it a shot, I have a bunch of stuff I’d like plastic-coated.
Paula at Afford Anything asks How Much Money Is “A Lot”? I suppose it’s all relative, but it’s more than we start out thinking.
At Master Your Card, Using Credit Cards to Pay Insurance Premiums: Pros and Cons. Interesting article, but it all comes down to whether you are in the group that pays in full or allows charges to carry month to month and cost you interest. My simple rule? If you don’t have the money to pay in full, don’t buy the item. Insurance should be budgeted and made a top priority.
And to wrap up another great week of reading, at Graduated Learning, Stephanie wrote about Walk for Hunger: My first fitness+fundraising adventure. It was slow going at first, but after a few tweets and my pledging to match donations the first week, Stephanie has passed the $500 pledge level, let’s see if we can help her hit $1000 by the day of the walk (Sunday May 6th). Good luck, Stephanie!